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Financial Requirements

International students are required to demonstrate and/or declare that they have genuine access to sufficient funds to be granted a Student visa. Applicants may have to demonstrate sufficient funds to cover these expenses for the first one or two years in Australia, depending on their assessment level.

This helps to ensure students are better able to make the most of their studies and have a safe and enjoyable experience in Australia. Funds should be sufficient to contribute to the cost of travel, tuition, school costs of any dependents, and living costs.

The financial requirements per year outlined in the tables below apply from 1 July 2016.

Students

Expenses Per Person Amount required in AUD
Travel Applicant Return air fare to Australia
Family members One return air fare to Australia per person
Tuition Applicant Course fees
School-age
children aged 5-18
AUD8000 per year
Living Applicant AUD19 830 per year
Partner AUD6940 per year
First child AUD2970 per year

Student Guardians

Expenses Per Person Amount required in AUD
Travel Applicant Return air fare to Australia
Children aged under 6 years of age One return air fare to Australia per person
Living Applicant AUD19 830 per year
First child aged under 6 AUD2970 per year

Decision makers will consider a range of factors in determining whether funds demonstrated or declared will be genuinely available to contribute to the cost of studying and living in Australia. These factors may include:

the applicant’s previous financial and immigration history

the employment history of the applicant or the person providing them with financial support

the source of the income used (such as cash assets or a bank loan).

Where there is doubt about an applicant’s ability to access their claimed funds in Australia, the applicant may be requested to provide further information.
Example: Applicants relying on a bank loan may need to show that these funds have been deposited into a bank account to which they have unrestricted access, and that they have the financial capacity to service the loan both before they depart for Australia and once they arrive.